U.S. Movers: Core-Mark, Dish Network, Dean Foods, NuStar Energy, ViaSat

Mukesh Buch
12 Nov, 2013
New York City

Core-Mark Holding climbed 17%. Dish Network net swung to profit as subscriber-related revenue jumped 6%. Dean Foods net soared to $415 million on flat revenues. NuStar Energy and ViaSat net swung to a profit.

[R]11:10 AM New York – Core-Mark Holding climbed 17%. Dish Network net swung to profit as subscriber-related revenue jumped 6%. Dean Foods net soared to $415 million on flat revenues. NuStar Energy and ViaSat net swung to a profit.[/R]

Core-Mark Holding Company, Inc ((CORE)) slipped 1.1% or 82 cents to $72.66 after the convenience stores operator said net sales in the third-quarter ending in September increased 13.2% to $2.62 billion. Net income in the quarter climbed 17.1% to $12.3 million or $1.06 a diluted share compared to $10.5 million or 90 cents.

The company added gross profit in the quarter soared 15.8% to $140.8 million.

Cray Inc. ((CRAY)) gained 1.3% or 29 cents to $22.50 after the supercomputers service provider stated revenue in the third-quarter ending in September soared 52.4% to $54.4 million. Net loss in the quarter swung widened to $11 million or 29 cents a diluted share compared to $5.1 million or 14 cents.

Dish Network Corporation ((DISH)) climbed 3.1% or $1.46 to $48.97 after the pay-television service provider reported revenue in the third-quarter ending in September grew 2.3% to $3.60 billion. Net in the quarter swung to a profit $315 million or 68 cents a diluted share compared to a net loss of $158 million or 35 cents.

Subscriber-related revenue jumped 6.1% to $3.47 billion from $3.27 billion in the year ago period.

Dean Foods Co ((DF)) declined 7.4% or $1.46 to $18.25 after the beverage maker reported net sales in the third-quarter ending in September were nearly flat at $2.2 billion. Net income in the quarter soared to $415 million or $4.35 a diluted share compared to $36.4 million or 39 cents.

Dean Foods today led up cash tender offer for $400 million aggregate principal amount of 9¾% 2018 and 7% 2016 bonds with preference given to the 2018 bonds.

D.R. Horton, Inc ((DHI)) jumped 3.5% or 66 cents to $18.70 after the homebuilding company said revenue in the fourth-quarter climbed 40% to $1.82 billion. Net income in the quarter to soared 39% to $139.5 million or 40 cents a diluted share compared to $100.1 million or 30 cents.

The company added net sales orders soared 19% in homes to 25,120 and 37% in value to $6.6 billion and homes order-backlog increased 13% to 8,205 and 33% in value to $2.2 billion.

Insys Therapeutics Inc ((INSY)) rose 3 cents to $43.11 after the pharmaceutical company said total net revenue in the third-quarter ending in September surged $29.2 million. Net in the quarter swung to a profit $11.6 million or 51 cents a diluted share compared to a loss of $4.3 million or 46 cents.

NuStar Energy L.P. ((NS)) soared 5.3% or $2.22 to $46.70 after the petroleum products storage firm reported revenue in the third-quarter ending in September declined 51% to $780 million. Net in the quarter swung to a profit $21.9 million or 28 cents a diluted share compared to a loss of $6.5 million or 9 cents.

ViaSat, Inc ((VSAT)) declined 3.9% or $2.54 to $61.86 after the mobile broadband service provider said revenue in the third-quarter ending in September jumped 25% to $353.9 million. Net in the quarter swung to a profit $1.9 million or 4 cents a diluted share compared to a loss of $7.9 million or 18 cents.